Costa Rica (CRI) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Costa Rica-Belgium Trade: In 2022, Costa Rica exported $775M to Belgium. The main products that Costa Rica exported to Belgium were Medical Instruments ($294M), Orthopedic Appliances ($202M), and Bananas ($74.4M). Over the past 5 years the exports of Costa Rica to Belgium have increased at an annualized rate of 1.94%, from $704M in 2017 to $775M in 2022.

In 2022, Costa Rica did not export any services to Belgium.

Belgium-Costa Rica Trade: In 2022, Belgium exported $120M to Costa Rica. The main products that Belgium exported to Costa Rica were Vaccines, blood, antisera, toxins and cultures ($19.3M), Cars ($19.3M), and Other Frozen Vegetables ($14.4M). Over the past 5 years the exports of Belgium to Costa Rica have increased at an annualized rate of 14.7%, from $52.9M in 2017 to $120M in 2022.

In 2022, Belgium did not export any services to Costa Rica.

Comparison: In 2022, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $775M to Belgium. The main products exported from Costa Rica to Belgium were Medical Instruments ($294M), Orthopedic Appliances ($202M), and Bananas ($74.4M). During the last 5 years the exports of Costa Rica to Belgium have increased at an annualized rate of 1.94%, from $704M in 2017 to $775M in 2022.

In 2017, Belgium exported $120M to Costa Rica. The main products exported from Belgium to Costa Rica were Vaccines, blood, antisera, toxins and cultures ($19.3M), Cars ($19.3M), and Other Frozen Vegetables ($14.4M). During the last 5 years the exports of Belgium to Costa Rica have increased at an annualized rate of 14.7%, from $52.9M in 2022 to $120M in 2017.

Exports from Costa Rica () to Belgium () (2022)

Exports from Belgium () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Belgium ()

Costa Rica Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Belgium
Top DestinationGermany$91.9B

This map shows whether countries import more from Costa Rica or Belgium. Each country is colored based on the difference in imports they receive from Costa Rica and Belgium or the difference in the growth in imports.

In 2022, countries that imported more from Costa Rica than Belgium included Guatemala ($821M), Nicaragua ($593M), and Honduras ($517M).

In 2022, countries that imported more from Belgium than Costa Rica included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Costa Rica and Belgium by product, considering products traded by both, Costa Rica and Belgium.

During 2022, Costa Rica had a large net trade with Belgium in the exports of Instruments ($497M), Vegetable Products ($249M), and Foodstuffs ($23.3M).

During 2017, Belgium had a large net trade with Costa Rica in the exports of Chemical Products ($42.7M), Transportation ($20.5M), and Foodstuffs ($19.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Costa Rica Belgium+$1.05MFruit Juice

Top Product Potential Belgium Costa Rica+$10.8MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Costa Rica and Belgium. This means that a dot/product with the flag of Costa Rica indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Costa Rica.

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Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Belgium () (2022)

Exports from Belgium () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Belgium ()

Costa Rica Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Belgium () (2022)

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